Gold Ten Data on October 17th, German Commercial Bank forex analyst Prevek said in a report that if European Central Bank President Lagarde unexpectedly expresses strong concerns about the further weak economic performance at Thursday's meeting, the euro may fall. This will support market expectations of rapid interest rate cuts in the coming months. Although there are reasons to suggest that the European Central Bank may slow down the pace of interest rate cuts after the expected rate cut on Thursday, concerns about economic prospects may prevail. It can be imagined that the risk of the euro against the US dollar today is downward. In the coming weeks, the euro may react sensitively to weak data.
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Deutsche Bank: Euro could fall if Lagarde expresses concerns about economic outlook
Gold Ten Data on October 17th, German Commercial Bank forex analyst Prevek said in a report that if European Central Bank President Lagarde unexpectedly expresses strong concerns about the further weak economic performance at Thursday's meeting, the euro may fall. This will support market expectations of rapid interest rate cuts in the coming months. Although there are reasons to suggest that the European Central Bank may slow down the pace of interest rate cuts after the expected rate cut on Thursday, concerns about economic prospects may prevail. It can be imagined that the risk of the euro against the US dollar today is downward. In the coming weeks, the euro may react sensitively to weak data.